Forex

Dollar Index (ICE) may fall to 102.6000 - 103.9000

2024-06-05

Pivot

105.6000

Our preference

Short positions below 105.6000 with targets at 103.9000 & 102.6000 in extension.

Alternative scenario

Above 105.6000 look for further upside with 106.5000 & 107.3000 as targets.

Comment

A break below 103.9000 would trigger a drop towards 102.6000.

Supports and resistances

107.3000 ***

106.5000 ***

105.6000 ***

104.2900 Last

103.9000 **

102.6000 ***

101.9000 ***

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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